Standard: SSEMI1 Describe how households and businesses are interdependent and interact through flows of goods, services, resources, and money:
a. Illustrate a circular flow diagram that includes the product market, the resource (factor) market, households, and firms.
b. Explain the real flow of goods, services, resources, and money between and among households and firms.
Standard:
SSEMI1 Describe how households and businesses are interdependent and interact through flows of goods, services, resources, and money:
a. Illustrate a circular flow diagram that includes the product market, the resource (factor) market, households, and firms.
b. Explain the real flow of goods, services, resources, and money between and among households and firms.
Links used in Class:
The Circular Flow Model with Mr. Cliffords
The Circular Flow Model
Class Power Point:
Socrative Review :